Why Bitcoin, Ethereum, and FTX Token Are Rocketing Higher Today
As of 10:45 a.m. ET today, top cryptocurrencies Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and FTX Token (CRYPTO: FTT) are on the move in a big way. These tokens have appreciated 4.6%, 4.9%, and 9.5%, respectively, over the past 24 hours.
Bitcoin has a number of catalysts investors are watching today -- namely, a report that this token's correlation to equities has reached its highest level since just prior to the onset of the pandemic is bullish, for those considering the price action in the stock market. Additionally, rumors that Terra could be a big buyer of Bitcoin over time, to boost the algorithmic stablecoin's reserves, is driving increased interest in this top token.
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Source Fool.com
